The Bank of China keeps increasing its holdings of US dollars. According to Phoenix TV, the American media called us "fools". What does the central bank think and what is its great wisdom?
No, we have trillions of foreign exchange reserves now. Where do you think some money can be kept? If you switch to euros or pounds, they will at least double, not to mention preserve their value. Financial tycoons like Soros are playing you to death. Throughout the world, only the dollar can bear such a large amount of money, and the dollar is also the most important world currency in the world. It has a good protective effect on our RMB strategy and the whole market economy. Why did the Hong Kong financial crisis bring Soros back? Isn't it the mainland backed by huge foreign exchange reserves? Besides, our rapid development of 8% in recent years has basically relied on foreign trade. How can it develop so fast without strong foreign exchange? . I won't say anything else.